The 57 Texas Big Oil and Gas Corps had their Total Core Pretax Income surge in 2010 by a superb 48%, quite an impressive accomplishment.
But guess what? The 8 Oklahoma Big Oil and Gas Corps one-upped Texas, with their Total Core Pretax Income surging in 2010 by an even higher 58%.
Below here are how Oklahoma's 11 largest publicly-held Corps did as was disclosed in either their most recent annual Fiscal Year Ended (FYE) 2010 earnings releases or in their most recent SEC annual report filings. All 11 of them had earnings increases in 2010. All of the below information is for the year ended December.
Oklahoma 11 Largest Publicly-Held Corps Most Recent Annual Pretax Earnings (PTI)
..................................................PTI.........PTI.......Increase.....
Oklahoma Big Corp...................2010.......2009....Amount.....%..
.....................................................(millions of dollars)..............
Oklahoma Big Oil and Gas (8 Big Corps)
Devon Energy(1).....................3,568.......1,882......1,686.....90%
Chesapeake Energy(2).............2,884.......1,712......1,172.....68%
Williams Companies(3)............1,352..........943........409.....43%
OneOK.......................................755..........699..........56.......8%
Helmerich & Payne(4)................507.........478..........29.......6%
Magellan Midstream Partners....313..........228..........85.....37%
Continental Resources...............258..........110........148....135%
Unit Corp(5)..............................237..........193..........44.....23%
Total OK 8 Big Oil and Gas......9,874.......6,245.....3,629 ...58%
Oklahoma Non-Oil and Gas (3 Big Corps)
OGE Energy...............................461............382.........79.....21%
BOK Financial............................372............311.........61.....20%
Dollar Thrifty Automotive.........211..............81.......130....160%
Total OK 3 Non-Oil and Gas.....1,044...........774.......270.....35%
Total OK 11 Big Corps...........10,918.........7,019.....3,899.....56%
(1) Devon Energy 2009 PTI excludes Oil and Gas Property Impairment Charge.
(2) Chesapeake Energy 2009 PTI excludes huge Oil and Gas Property Impairment Charge.
(3) Williams Companies 2010 PTI excludes both Asset Impairment Charge and Loss on Debt Extinguishment.
(4) Helmerich & Payne has a September FYE, but the above numbers are for the 12 months ended December.
(5) Unit Corp 2009 PTI excludes Asset Impairment Charge.
